medium term rental Goals?

[Bobby Paquette]

What are your goals with MTR’s? How many do you have/want to scale too? 

What’s your avg cash flow on them? 

Looking to potentially expand into this space!

[Bonnie Low]

We have a somewhat unique model. We buy properties that have a main house, which we LTR and a secondary living space - usually a detached garage or shop - which we convert to an ADU to use as an MTR. So far this is working really well for us. We like the diversity of long and mid-term rentals together. We pay most of our expenses for both units with the rent from the LTR and the cash flow from the MTR is bonus. Right now, this strategy yields us $800-$1000/mo cash flow, depending on the property. I'm hesitant to go all in on MTR because I don't want all my eggs in one basket and it's more work to manage the MTRs but I love that we can switch pretty easily between long and midterm if we need to. We use a PM company for our LTRs. I'm really liking this combination.